Who Should Purchase Short Term Rental Insurance
Anyone who rents their dwelling for a short-term - such as an Airbnb, vacation rental, etc. - should have short-term rental insurance.
If you are renting out your apartment or cabin in the woods for short stays, you need to consider your short-term rental insurance coverage. That includes those renting out the whole unit or just one or a few rooms.
But, you must consult your landlord to see if they allow subletting. In addition, short-term rental insurance is necessary for additional coverage that all short-term renters need.
People Also Ask
Who should consider purchasing renter's insurance?
Anyone who is renting a long-term property from a landlord or property owner should purchase a renter’s insurance policy. Renters insurance (commonly known as tenants insurance) helps protect tenants against unforeseen events, such as theft, a break-in or a visitor's injury, or other perils.
What homeowners insurance do I need for an Airbnb?
Those renting their homes on Airbnb for short stays should purchase short-term rental insurance. This includes renting out the whole unit or just one or a few rooms. Short-term rental insurance supplements AirCover protection.
What do I need to know about buying a short-term rental property?
Short-term rental properties can be a great source of income, with a typical return on investment of 15-20%. Short-term and vacation rentals can be very profitable, depending on the location, type of property, and maintenance costs. You should invest in short-term rental insurance to protect your investment from property damage, liability, and guest damage.
Get coverage in minutes
No hidden cancellation fees. Competitive rates nationwide.